G Terms in the Supply Chain Glossary

A philosophy encouraging direct observation and engagement with work processes to understand and improve them.

A managerial practice where leaders visit the workplace to observe operations firsthand, provide coaching, identify areas for improvement, and collaborate with team members to implement corrective actions.

Costs reported on an income statement related to general business operations, including management salaries, IT systems, research and development, and other overhead expenses.

A framework of standard accounting practices and principles widely accepted by the accounting profession for consistent financial reporting.

A set of principles for managing manufacturing operations effectively. These include data accuracy, collaboration between marketing and production, top-level management control, and tools for detailed production planning. It encompasses methodologies such as lean manufacturing, total quality management, and supply chain optimization.

Software that collects and analyzes data from GPS satellites to study and optimize maps, routes, and location-based characteristics.

The interconnectedness of global economies through increased international trade, services, investments, and technological advancements, fostering mutual economic reliance.

Visual tools, such as graphs and charts, used to identify patterns and trends in historical data to predict future sales or demand.

An environmentally conscious approach to production, aiming to minimize pollution and external costs by incorporating practices like reuse, disassembly, and remanufacturing in product design.

The selection of suppliers based on environmental criteria, with an emphasis on sustainable practices and regular audits of supplier operations.

An environmentally focused adaptation of the Supply Chain Operations Reference (SCOR) model, incorporating best practices, metrics, and processes for waste management and sustainability.

A supply chain designed to minimize environmental impact, adhere to safety regulations, and communicate sustainability efforts across partners and customers.